Schiff Hardin LLP represented Chugoku Electric Power Company, Inc. (Chugoku) in its 10 percent membership interest acquisition in South Field Energy Partners LLC (South Field Energy), a subsidiary of Advanced Power. South Field Energy owns a 1,182-megawatt electric generation facility in Columbiana County, Ohio, scheduled to begin commercial operation in mid-2021.
Chugoku, one of Japan's largest electric utilities, joins eight other South Field Energy investors. The facility will sell capacity, energy, and ancillary services into PJM Interconnection LLC, the largest regional transmission organization within the United States, and will create approximately 1,000 construction jobs during its peak period and produce enough electricity to power approximately one million homes. For more information on the transaction, click here.
This is the second transaction in 15 months in which Schiff Hardin represented Chugoku.